UK gambling regulator suspends Stakers license pending review

UK gambling regulators have suspended the license of another of its online operators for compliance failures, the third such action this year.

On Thursday, the UK Gambling Commission (UKGC) announced the interim suspension of the online betting license of Stakers Ltd “with immediate effect.” The UKGC has commenced a review of the company, which operates via the Stakers.com domain, due to a “a number of compliance issues.”

The UKGC said it suspects that Stakers breached a condition of its license under section 116(2)(a) of the Gambling Act, which allows the UKGC to review the operations of any licensee the regulator suspects of being unsuitable to carry on the activities permitted under its license.

The UKGC said it has instructed Stakers to allow its UK customers to access their accounts to withdraw any funds held therein, but these customers must be advised “not to place any bets through the Stakers website.”